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XTRD, a technology company building infrastructure for institutional investors to enter into cryptocurrency, has appointed Steven Nerayoff, one of the original creators of the framework for Initial Token Offerings (ICOs), as a strategic advisor.
Nerayoff will advise XTRD as the company begins to roll out their product and onboard institutional clients for the initial trials of its complete trading platform.
“Steve is legend in the world of blockchain and cryptocurrency and to have him onboard with us as we begin to onboard major strategic partners is incredible and truly an honour,” says Alexander Kravets (pictured), CEO of XTRD. “His
Montanaro Asset Management, a London based asset manager, has implemented Charles River’s Investment Book of Record (IBOR) to provide portfolio managers and traders with up to date position and cash information in the Charles River Investment Management Solution (Charles River IMS).
Montanaro has used Charles River IMS for portfolio management, compliance and trading over the last six years.
Charles River’s IBOR provides real-time position and cash updates to the front office, independent of back-office accounting systems and custodians. By ensuring timely delivery of data for front-office activities, Montanaro has been able to remove the need for proprietary tools and
Thomson Reuters is partnering with London-headquartered Finbourne Technology to use Finbourne’s cloud-based advanced investment management platform, LUSID, for Thomson Reuters client and transaction data.
LUSID is an event-based ledger with published APIs that allow in-house and third-party solutions to interface with portfolios, holdings or transactions. The partnership is designed to benefit customers by offering increased cost efficiency, better management of data used for compliance efforts and bolster struggling legacy investment-management systems. It builds on Thomson Reuters open-platform strategy, which seeks to meet customer needs by providing open access to in-house solutions as well as to partnered solutions.
Thomson Reuters clients will use LUSID
Stroock has added two partners: capital markets and derivatives partner Akshay Belani in New York and ERISA and governmental plan investments partner Patrick Menasco in Washington DC.
Joining Stroock with Menasco is associate Bibek Pandey.
Belani, previously a partner at Morgan Lewis, joins Stroock’s Commodities/Derivatives and Energy Group. He advises financial institutions on derivatives, futures and commodities trading, and on related structured products and capital markets transactions. His clients include hedge funds, institutional investors and broker-dealers.
Belani also focuses on regulatory and compliance issues related to Dodd-Frank derivatives regulation including rules affecting both buy- and sell-side market participants.
NEX Data, which delivers independent market intelligence and price information for OTC Data, and JBOND, an electronic platform for trading in Japanese Repurchase agreements, have launched the JBOND NEX Repo Index to measure the effective cost of funding for Japanese government bonds.
The first Japanese repo index, it was launched in response to considerable interest from financial community.
The Japanese Yen (JPY) repo market has been very active of late with the average month-end outstanding for 2017 reaching JPY160 trillion. The JBOND NEX Repo Index provides an insight in to the overall cost of funding in the dealer to
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.05 per cent loss in June. Year to date, the Index is down 2.00 per cent.
“Trade war concerns sparked by economic sabre rattling shook grain markets while US pressure on its allies to boycott Iranian oil rallied energy prices to new highs on the year,” says Sol Waksman, founder and president of BarclayHedge.
Agricultural Traders were down 0.59 per cent in June, the Discretionary Traders Index lost 0.59 per cent, and Diversified Traders gave up 0.21 per cent.
The MPI Barclay Elite Systematic Traders
Northern Trust has launched North America Alternative Fund Services, a new group which combines established private equity and hedge fund services businesses to address the operational and strategic needs of the evolving alternative asset management industry.
North America Alternative Fund Services provides fund administration, accounting and data solutions to some of the world’s most sophisticated hedge funds, private equity managers and managed account platforms. It offers specialised expertise in complex valuations, cash, collateral and liquidity management, as well as analytics and transparency into portfolios that increasingly combine hedge fund strategies with fund structures traditionally used by private equity firms.
Risk-on sentiment bolstered hedge funds’ returns last week with Lyxor’s Global Hedge Fund Index up 0.3 per cent. The most directional strategies outperformed, including L/S Equity along with Special Situations strategies.
Other strategies though, were flat.
The rise in equities and the JPYUSD depreciation supported CTAs, but long energy positions eroded some of their gains.
Overall, all hedge fund strategies refrained to add risk within portfolios. Global Macro strategies turned more bearish lately. L/S Equity shaved off their directionality and strengthened their defensive tilt. Their net exposure to equities remains nonetheless significant.
Lyxor writes: “Merger Arbitrage
BlackRock’s results for the second quarter of 2018 reveal USD20 billion of total net inflows, positive across active, index and cash management.
The figures represent an 11 per cent revenue growth year-over-year driven by base fees, performance fees and technology services revenue and the firm writes that the 16 per cent operating income growth year-over-year reflects operating margin expansion.
There was 27 per cent diluted EPS growth (28 per cent as adjusted) driven in part by lower tax rate and USD300 million of quarterly share repurchases.
Laurence D. Fink, Chairman and CEO of BlackRock says: “BlackRock delivered strong financial results
International law firm Simmons & Simmons has opened for business in Dublin, having always had close links with the Irish funds industry.
Simmons & Simmons says that Ireland has been the fastest growing major fund domicile in Europe over the last five years, a tangible reflection of the benefits the Dublin office can offer the firm’s clients.
Simmons & Simmons is aiming to establish a ten-partner, 40-person practice within the next three years, supporting its asset management and financial institution clients across the breadth of their operations, including investment funds, regulatory, banking, capital markets, tax and corporate. The firm has
